Branchburg, NJ, Aug. 28, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Hydromer, Inc. (HYDI.PK – OTC BB), the "Company" or "Hydromer", announces that Huvepharma has acquired its T-HEXX Animal Healthcare business.
Huvepharma, a fast-growing global pharmaceutical company focused on developing, manufacturing and marketing human and animal health products, acquires the globally renowned T-HEXX brand which includes the T-HEXX DRY external teat sealants and Dragonhyde® DUST dissolvable hoof bath powder and PUTTY topical paste, their associated patents and trademarks, inventory and other assets.
"This transaction is part of our rejuvenation strategy to refocus on the Company's core competencies of product development and manufacturing," said Robert Y Lee, Chief Financial Officer, Hydromer Inc., adding, "Our current focus will be in the human medical, industrial and botanical space under a Business-to-Business model. The Company, with its streamline operations, did not have a proper sales force to support the needs of a Business-to-Consumer model that the T-HEXX division operated in, one which a powerhouse such as Huvepharma is much suited to significantly grow the business."